2nd picture is the answer thank you!

9. Peter Minuit purchased Manhattan Island from the Indians in 1626 for $24 worth of merchandise. Assuming a continuous inflation rate of 6%, what would be the value of Manhattan today, in 2019? The cost of a postage stamp was 4 cents in 1962. It is now, in 2019. 55 cents. 10. Assuming an annual exponential growth, find the growth rate, and then use to predict the cost of stamps by 2050. In 1968, the U.S. minimum wage was $1.60 per hour. In 1976, the minimum wage was $2.30 per hour. Assume the minimum wage grows according to an exponential model wo), where t represents the time in years after 1968. 11. a. Find a formula for w(t). b. If the minimum wage was $5.15 in 1996, how does this amount compare to what the model predicts? 9. $417,710,242,922.55 10.4.7%, 228.79 cents (=$2.29) 11. w() = 1.60(1.0464)', the model predicts $5.70, so the actual number is lower than the model predicts